Published on 10/29/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million four-year non-call 0.25-year step up notes at 1.00% initial rate
New York, Oct. 29 - Freddie Mac priced $25 million of 1.00% initial rate four-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Nov. 25, 2019 and have a Bermuda call beginning Feb. 25, 2016.
Stifel Nicolaus and Vining Sparks are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $25 million
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Maturity: | Nov. 25, 2019
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Coupon: | 1.00% from Nov. 25, 1.375% from Nov. 25, 2016, 1.75% from Nov. 25, 2017, 2.50% from Nov. 25, 2018, 3.00% from May 25, 2019
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Price: | Par
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Call: | Bermuda call beginning Feb. 25, 2016
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Pricing date: | Oct. 26
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Settlement date: | Nov. 25
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Underwriters: | Stifel Nicolaus and Vining Sparks
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Cusip: | 3134G76N6
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